Last night, I took a poll in the Conifer-Bailey-Pine Facebook group asking people, “What is stopping you from putting your home on the market with it being so hot?!”
We had a LOT of responses and wanted to share some of the findings with you!
First of all, many of you responded with that fact that you are a happy homeowner in your current house and we that that’s great! So are we… the mountain communities are an amazing place to live. But sometimes there are circumstances that force us to move and that’s why we asked this question.
Some people expressed concern about selling their home for a ton of money but not having anywhere to go. So what does that mean for you exactly? We’ve thought of 4 different scenarios:
#1 – You could stay in your home and you’d be foregoing the additional purchasing power of your increased equity.
#2 – You could downsize and cash out on some of the equity that you gained over the years. The best time to sell is in the height of the market, which would be now. So, if you’ve been thinking about downsizing, now would be the perfect time to do so!
#3 – We could get you into a fixer-upper so you can cash out your equity from your current house and build equity in the new one. Not handy? No problem. We can get you into a renovation loan program to have licensed contractors do the work.
#4 – We understand that it could be difficult to find a replacement, but we have found that if your REALLY hone in on what it is you’re looking for and you have an aggressive buyers agent on your side aka one of us, its possible that with right tactics, we could find you your dream home off-market.
Most people are moving out of state to be closer to family, or they’re moving for a job, or their downsizing… so, if any of this applies to you or if you’ve been thinking about moving, please let us know, because the first step is to have a listing consultation and for us to provide you with a CMA, or a comparative market analysis.
Now to hit you with some stats!
March close-to-list price ratio: about 99%
February close-to-list price ratio: 97.5%
Months of inventory: Feb was 3.7, March was 3.2
March close-to-list price ratio: about 98.5%
February close-to-list price ratio: 97%
Months of inventory: 2.8 in Feb, 1.6% in March, both of which are well below the 6-month benchmark for calling it a Seller’s market and the fact that months of inventory went DOWN also shows that it has become a stronger Seller’s market.
Also in Conifer-Bailey-Pine, statistics are showing that homes priced in the $450-500k range have an average of 12 days on market (before it goes under contract!)
That’s the sweet spot!
Ready to get your home to market? Call us today! We are your go-to Golden Bailey CO, Conifer CO, and Evergreen CO Realtors!
Trang Janick & Aafke Lazar, Realtors®
Trang: (303) 956-0792 Aafke: (720) 815-6264
Golden, CO 80401
L E T ‘ S C O N N E C T !